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    Naturgy reaffirms its commitment to help families and industry in the face of energy market volatility


    June 1, 2022 - CE Noticias Financieras

     

      The evolution of prices in the raw materials markets is causing an increase in energy prices, resulting in higher electricity and gas bills for families and industry.

      To counteract this effect, companies such as Naturgy have decided to reinforce their commitment to society and address this situation with a series of actions to help alleviate its consequences, establishing accessible and stable prices, regardless of the volatility of wholesale markets. This commitment of the energy company translates into a series of actions that include initiatives such as Compromiso Luz (Commitment to Light) and Compromiso Gas Industrial (Commitment to Industrial Gas).

      Naturgy's first action materialized last September with the launch of the Compromiso Luz initiative, a pioneer in the sector and aimed at mitigating the effects of high electricity pool prices. It has meant the sale of all its infra-marginal generation (equivalent to the consumption of 4 million homes) below the E67 per megawatt hour set by the Government.

      On the other hand, and once again at the service of society, Naturgy has just launched Compromiso Gas Industrial, aimed at helping companies to cope with the impact of rising gas prices in international markets. Thus, until the end of 2025, the company's industrial gas customers have a fixed price of 55 euros per megawatt hour. A three-year horizon in which the Spanish industrial sector will have prices below those currently seen in European gas markets.

      According to Francisco Reynés, Chairman of Naturgy, "we want to contribute to improving the competitiveness of Spanish companies, improving visibility and reducing their exposure to the volatility of international energy prices. We have already done this on previous occasions, and it is a demonstration of our commitment to customers and society".

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